Robotics End-Of-Arm Tooling Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44958
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The robotics end-of-arm tooling (EOAT) market share is expected to increase by USD 892.00 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.75%.

This robotics end-of-arm tooling market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (material handling, assembly line, welding and soldering, surface treatment and finishing, and others) and geography (APAC, North America, Europe, South America, and MEA). The robotics end-of-arm tooling market report also offers information on several market vendors, including Applied Robotics Inc., ASS Maschinenbau GmbH, Barnes Group Inc., Dover Corp., EMI Corp., Festo SE and Co. KG, FIPA GmbH, IPR GmbH, Novanta Inc., and Toyota Industries Corp. among others.

What will the Robotics End-Of-Arm Tooling Market Size be During the Forecast Period?

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Robotics End-Of-Arm Tooling Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rise in demand for modular end-of-arm tooling is notably driving the robotics EOAT market growth, although factors such as high cost of deployment of industrial robots may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the robotics end-of-arm tooling industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Robotics End-Of-Arm Tooling Market Driver

The continuously rising demand for modular EOAT is one of the key factors promoting the growth of the market. Manufacturers have been increasing their investments in industrial robots for assisting in a varied range of activities that human workers or alternative systems are performing. For achieving this, various end-user industries are increasing the adoption of EOAT which can handle multiple sizes, geometries, materials in multiple tasks without having to switch from one EOAT to another. Furthermore, vendors have been incorporating advanced features including servo motors and pre-configurability using multiple axis controllers in grippers. These servo-based grippers are being used by the robotic EOAT to adapt to irregularities through enhanced positioning capabilities. The incorporation of advanced features not only provides modularity but also makes the EOAT more user-friendly. Consequently, users with minimal knowledge of programming can also use robotic EOAT, in turn, boosting their adoption during the forecast period.

Key Robotics End-Of-Arm Tooling Market Challenge

The high cost of deployment of industrial robots is limiting the demand for robotics end-of-arm-tooling. The initial installation of industrial robots includes investments in fixtures, tooling, and other accessories. End-users that implement industrial robots also need to invest in special-end effectors, such as simple vacuum pickers and enclosures, which can collect multiple cases in a single pick. Additional costs are also incurred due to preventive maintenance, safety, operator training, and the use of complementary peripheral equipment. Over the years, these factors have deterred industrial players from investing in robots. Although these robots offer a high return on investment (ROI) over a short period, their adoption entails high switching costs. 

This robotics end-of-arm tooling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Robotics End-Of-Arm Tooling Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Applied Robotics Inc.
  • ASS Maschinenbau GmbH
  • Barnes Group Inc.
  • Dover Corp.
  • EMI Corp.
  • Festo SE and Co. KG
  • FIPA GmbH
  • IPR GmbH
  • Novanta Inc.
  • Toyota Industries Corp.

 

This statistical study of the robotics end-of-arm tooling market encompasses successful business strategies deployed by the key vendors. The robotics EOAT market is fragmented and the vendors are deploying growth strategies such as introducing the use of hybrid tooling and innovation in models to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The robotics end-of-arm tooling market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Robotics End-Of-Arm Tooling Market?

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62% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for robotics end-of-arm tooling in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The expansion of several end-user industries and increasing adoption of robots to improve production efficiency will facilitate the robotics end-of-arm tooling market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Robotics End-Of-Arm Tooling Market?

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The robotics end-of-arm tooling market share growth by the material handling segment will be significant during the forecast period. The growth of the material handling market segment is expected to gain traction because of increased demand for industrial robots for applications such as pick and place, bin picking, loading, and unloading, press tending, packaging, die-casting, forging and forming during the forecast period. Vendors of the global robotics end-of-arm-tooling market are increasingly working on introducing products that have the versatility to handle a variety of materials, diverse packaging sizes, configurations, and diverse weights while adapting to space constraints. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the robotics EOAT market size and actionable market insights on post COVID-19 impact on each segment.

 

Robotics End-Of-Arm Tooling Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.75%

Market growth 2021-2025

$ 892.00 million

Market structure

Fragmented

YoY growth (%)

1.72

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 62%

Key consumer countries

China, US, Japan, South Korea (Republic of Korea), and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Applied Robotics Inc., ASS Maschinenbau GmbH, Barnes Group Inc., Dover Corp., EMI Corp., Festo SE and Co. KG, FIPA GmbH, IPR GmbH, Novanta Inc., and Toyota Industries Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Robotics End-Of-Arm Tooling Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive robotics end-of-arm tooling market growth during the next five years
  • Precise estimation of the robotics end-of-arm tooling market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotics EOAT industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of robotics EOAT market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Material handling - Market size and forecast 2020-2025
    • Assembly line - Market size and forecast 2020-2025
    • Welding and soldering - Market size and forecast 2020-2025
    • Surface treatment and finishing - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Applied Robotics Inc.
    • ASS Maschinenbau GmbH
    • Barnes Group Inc.
    • Dover Corp.
    • EMI Corp.
    • Festo SE and Co. KG
    • FIPA GmbH
    • IPR GmbH
    • Novanta Inc.
    • Toyota Industries Corp.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The robotics end-of-arm tooling market growth will increase by $115.78 million during 2019-2024.
    The robotics end-of-arm tooling market is expected to grow at a CAGR of 0.63% during 2019-2024.
    Technavio has segmented the robotics end-of-arm tooling market by application (Material handling, Assembly line, Welding and soldering, Surface treatment and finishing, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
    Applied Robotics Inc., ASS Maschinenbau GmbH, ATI Industrial Automation, Dover Corp., EMI Corp., EQT AB, Festo SE & Co. KG, FIPA GmbH, Intelligente Peripherien für Roboter GmbH, Toyota Industries Corp. are a few of the key vendors in the robotics end-of-arm tooling market.
    APAC will register the highest growth rate of 152.39% among the other regions. Therefore, the robotics end-of-arm tooling market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • Japan
    • US
    • South Korea (Republic of Korea)
    • Germany
    The key factors driving the robotics end-of-arm tooling market growth are:
    • Rise in demand for modular end-of-arm tooling
    The robotics end-of-arm tooling market vendors should focus on grabbing business opportunities from the material handling segment as it accounted for the largest market share in the base year.
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